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Shareholder Report
 12 Months Ended
Sep. 30, 2025
USD ($)
$ / shares
Shareholder Report [Line Items]  
Document Type N-CSR
Amendment Flag false
Registrant Name Putnam Tax Exempt Income Fund
Entity Central Index Key 0000205802
Entity Investment Company Type N-1A
Document Period End Date Sep. 30, 2025
Shareholder Report Annual or Semi-Annual annual shareholder report
Class A  
Shareholder Report [Line Items]  
Fund Name Franklin Municipal Income ETF
Class Name Class A
Trading Symbol PTAEX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about Franklin Municipal Income ETF (previously known as Putnam Tax Exempt Income Fund) for the period October 1, 2024, to September 30, 2025.
Additional Information [Text Block] You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) 225-1581.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number (800) 225-1581
Additional Information Website https://www.franklintempleton.com/regulatory-fund-documents
Expenses [Text Block]
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class A
$93
0.93%
Expenses Paid, Amount $ 93
Expense Ratio, Percent 0.93%
Factors Affecting Performance [Text Block]
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended September 30, 2025, Class A shares of Franklin Municipal Income ETF returned 0.21%. The Fund compares its performance to the Bloomberg Municipal Bond Index, which returned 1.39% for the same period.
PERFORMANCE HIGHLIGHTS
Top contributors to performance:
↑
Security selection in AA rated bonds
↑
Overweight allocation to BBB rated bonds
↑
Security selection in A rated bonds
Top detractors from performance:
↓
Overweight overall duration
↓
Overweight cash
↓
Underweight AAA rated bonds
Use of derivatives and the impact on performance:
The Fund utilized interest rate contracts to manage its duration and yield curve exposure, which contributed modestly to performance.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.
Line Graph [Table Text Block]
image
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended September 30, 2025
 
1 Year
5 Year
10 Year
Class A
0.21
0.91
2.26
Class A (with sales charge)
-3.80
0.08
1.85
Bloomberg Municipal Bond Index
1.39
0.86
2.34
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Material Change Date Oct. 01, 2024
Updated Performance Information Location [Text Block]
For current month-end performance, please call Franklin Templeton at (800) 225-1581 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Net Assets $ 517,440,570
Holdings Count | $ / shares 294
Advisory Fees Paid, Amount $ 2,326,466
Investment Company Portfolio Turnover 11.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (as of September 30, 2025)
Total Net Assets
$517,440,570
Total Number of Portfolio Holdings (excludes derivatives, except purchased options, if any)
294
Total Management Fee Paid
$2,326,466
Portfolio Turnover Rate
11%
Holdings [Text Block]
WHAT DID THE FUND INVEST IN? (as of September 30, 2025)
Portfolio Composition* (% of Total Investments)
image
 [1]
Material Fund Change [Text Block]
HOW HAS THE FUND CHANGED?
Effective November 1, 2024 (the “Effective Date”), Putnam Investments Limited (“PIL”), a sub-advisor of the Fund prior to the Effective Date, merged with and into Franklin Templeton Investment Management Limited (“FTIML”), a wholly-owned subsidiary of Franklin Resources, Inc. (the “Merger”). As of the Effective Date, PIL investment professionals became employees of FTIML, and the sub-advisory agreement between Franklin Advisers, Inc. (“Franklin Advisers”) and PIL with respect to the Fund was terminated. In connection with the Merger, the Fund’s Trustees approved a new sub-advisory agreement between Franklin Advisers and FTIML, pursuant to which FTIML became a sub-advisor of the Fund on the Effective Date.
Effective May 30, 2025, the portfolio managers for the Fund are Garrett Hamilton, Benjamin Barber, James Conn, Francisco Rivera and Daniel Workman.
Effective July 21, 2025, any front-end sales charges applicable to purchases of Fund shares and any CDSC applicable to redemptions of Fund shares will be waived.
At a meeting held on May 16, 2025, the Board of Trustees of the Fund (the “Board”) approved the conversion of the Fund into an exchange-traded fund through the reorganization of the Fund with and into a newly-organized series of Putnam ETF Trust, to be named “Franklin Municipal Income ETF” (the “ETF”).
Pursuant to an Agreement and Plan of Reorganization approved by the Board, the reorganization of the Fund will consist of (1) the transfer of substantially all of the Fund’s assets, subject to its liabilities, to the  ETF in return for shares of the ETF; and (2) the distribution of the ETF shares to the Fund’s shareholders in complete liquidation of the Fund. The reorganization for the Fund is currently expected to occur on or about October 24, 2025. On the applicable date, the shareholders of the Fund will become shareholders of the ETF, and will no longer be shareholders of the Fund.
Effective August 22, 2025, the Fund stopped accepting purchase orders from new investors for any class other than Class R6 shares. Effective September 4, 2025, the Fund stopped accepting purchase orders from new investors for Class R6 shares. Effective October 16, 2025, the Fund will not accept purchase orders for any class from any investor.
This is a summary of certain changes to the Fund since October 1, 2024. For more complete information, you may review the Fund’s current prospectus and any applicable supplements and the Fund’s next prospectus, which we expect to be available by February 1, 2026, at https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or
funddocuments@putnam.com.
Updated Prospectus Phone Number (800) 225-1581
Updated Prospectus Email Address funddocuments@putnam.com
Updated Prospectus Web Address https://www.franklintempleton.com/regulatory-fund-documents
Class C  
Shareholder Report [Line Items]  
Fund Name Franklin Municipal Income ETF
Class Name Class C
Trading Symbol PTECX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about Franklin Municipal Income ETF (previously known as Putnam Tax Exempt Income Fund) for the period October 1, 2024, to September 30, 2025.
Additional Information [Text Block] You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) 225-1581.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number (800) 225-1581
Additional Information Website https://www.franklintempleton.com/regulatory-fund-documents
Expenses [Text Block]
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class C
$168
1.68%
Expenses Paid, Amount $ 168
Expense Ratio, Percent 1.68%
Factors Affecting Performance [Text Block]
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended September 30, 2025, Class C shares of Franklin Municipal Income ETF returned -0.53%. The Fund compares its performance to the Bloomberg Municipal Bond Index, which returned 1.39% for the same period.
PERFORMANCE HIGHLIGHTS
Top contributors to performance:
↑
Security selection in AA rated bonds
↑
Overweight allocation to BBB rated bonds
↑
Security selection in A rated bonds
Top detractors from performance:
↓
Overweight overall duration
↓
Overweight cash
↓
Underweight AAA rated bonds
Use of derivatives and the impact on performance:
The Fund utilized interest rate contracts to manage its duration and yield curve exposure, which contributed modestly to performance.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.
Line Graph [Table Text Block]
image
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended September 30, 2025
 
1 Year
5 Year
10 Year
Class C
-0.53
0.16
1.65
Class C (with sales charge)
-1.50
0.16
1.65
Bloomberg Municipal Bond Index
1.39
0.86
2.34
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Material Change Date Oct. 01, 2024
Updated Performance Information Location [Text Block]
For current month-end performance, please call Franklin Templeton at (800) 225-1581 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Net Assets $ 517,440,570
Holdings Count | $ / shares 294
Advisory Fees Paid, Amount $ 2,326,466
Investment Company Portfolio Turnover 11.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (as of September 30, 2025)
Total Net Assets
$517,440,570
Total Number of Portfolio Holdings (excludes derivatives, except purchased options, if any)
294
Total Management Fee Paid
$2,326,466
Portfolio Turnover Rate
11%
Holdings [Text Block]
WHAT DID THE FUND INVEST IN? (as of September 30, 2025)
Portfolio Composition* (% of Total Investments)
image
 [2]
Material Fund Change [Text Block]
HOW HAS THE FUND CHANGED?
Effective November 1, 2024 (the “Effective Date”), Putnam Investments Limited (“PIL”), a sub-advisor of the Fund prior to the Effective Date, merged with and into Franklin Templeton Investment Management Limited (“FTIML”), a wholly-owned subsidiary of Franklin Resources, Inc. (the “Merger”). As of the Effective Date, PIL investment professionals became employees of FTIML, and the sub-advisory agreement between Franklin Advisers, Inc. (“Franklin Advisers”) and PIL with respect to the Fund was terminated. In connection with the Merger, the Fund’s Trustees approved a new sub-advisory agreement between Franklin Advisers and FTIML, pursuant to which FTIML became a sub-advisor of the Fund on the Effective Date.
Effective May 30, 2025, the portfolio managers for the Fund are Garrett Hamilton, Benjamin Barber, James Conn, Francisco Rivera and Daniel Workman.
Effective July 21, 2025, any front-end sales charges applicable to purchases of Fund shares and any CDSC applicable to redemptions of Fund shares will be waived.
At a meeting held on May 16, 2025, the Board of Trustees of the Fund (the “Board”) approved the conversion of the Fund into an exchange-traded fund through the reorganization of the Fund with and into a newly-organized series of Putnam ETF Trust, to be named “Franklin Municipal Income ETF” (the “ETF”).
Pursuant to an Agreement and Plan of Reorganization approved by the Board, the reorganization of the Fund will consist of (1) the transfer of substantially all of the Fund’s assets, subject to its liabilities, to the  ETF in return for shares of the ETF; and (2) the distribution of the ETF shares to the Fund’s shareholders in complete liquidation of the Fund. The reorganization for the Fund is currently expected to occur on or about October 24, 2025. On the applicable date, the shareholders of the Fund will become shareholders of the ETF, and will no longer be shareholders of the Fund.
Effective August 22, 2025, the Fund stopped accepting purchase orders from new investors for any class other than Class R6 shares. Effective September 4, 2025, the Fund stopped accepting purchase orders from new investors for Class R6 shares. Effective October 16, 2025, the Fund will not accept purchase orders for any class from any investor.
This is a summary of certain changes to the Fund since October 1, 2024. For more complete information, you may review the Fund’s current prospectus and any applicable supplements and the Fund’s next prospectus, which we expect to be available by February 1, 2026, at https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or
funddocuments@putnam.com.
Updated Prospectus Phone Number (800) 225-1581
Updated Prospectus Email Address funddocuments@putnam.com
Updated Prospectus Web Address https://www.franklintempleton.com/regulatory-fund-documents
Class R6  
Shareholder Report [Line Items]  
Fund Name Franklin Municipal Income ETF
Class Name Class R6
Trading Symbol PEXTX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about Franklin Municipal Income ETF (previously known as Putnam Tax Exempt Income Fund) for the period October 1, 2024, to September 30, 2025.
Additional Information [Text Block] You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) 225-1581.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number (800) 225-1581
Additional Information Website https://www.franklintempleton.com/regulatory-fund-documents
Expenses [Text Block]
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R6
$65
0.65%
Expenses Paid, Amount $ 65
Expense Ratio, Percent 0.65%
Factors Affecting Performance [Text Block]
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended September 30, 2025, Class R6 shares of Franklin Municipal Income ETF returned 0.49%. The Fund compares its performance to the Bloomberg Municipal Bond Index, which returned 1.39% for the same period.
PERFORMANCE HIGHLIGHTS
Top contributors to performance:
↑
Security selection in AA rated bonds
↑
Overweight allocation to BBB rated bonds
↑
Security selection in A rated bonds
Top detractors from performance:
↓
Overweight overall duration
↓
Overweight cash
↓
Underweight AAA rated bonds
Use of derivatives and the impact on performance:
The Fund utilized interest rate contracts to manage its duration and yield curve exposure, which contributed modestly to performance.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.
Line Graph [Table Text Block]
image
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended September 30, 2025
 
1 Year
5 Year
10 Year
Class R6
0.49
1.18
2.51
Bloomberg Municipal Bond Index
1.39
0.86
2.34
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Material Change Date Oct. 01, 2024
Updated Performance Information Location [Text Block]
For current month-end performance, please call Franklin Templeton at (800) 225-1581 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Net Assets $ 517,440,570
Holdings Count | $ / shares 294
Advisory Fees Paid, Amount $ 2,326,466
Investment Company Portfolio Turnover 11.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (as of September 30, 2025)
Total Net Assets
$517,440,570
Total Number of Portfolio Holdings (excludes derivatives, except purchased options, if any)
294
Total Management Fee Paid
$2,326,466
Portfolio Turnover Rate
11%
Holdings [Text Block]
WHAT DID THE FUND INVEST IN? (as of September 30, 2025)
Portfolio Composition* (% of Total Investments)
image
 [3]
Material Fund Change [Text Block]
HOW HAS THE FUND CHANGED?
Effective November 1, 2024 (the “Effective Date”), Putnam Investments Limited (“PIL”), a sub-advisor of the Fund prior to the Effective Date, merged with and into Franklin Templeton Investment Management Limited (“FTIML”), a wholly-owned subsidiary of Franklin Resources, Inc. (the “Merger”). As of the Effective Date, PIL investment professionals became employees of FTIML, and the sub-advisory agreement between Franklin Advisers, Inc. (“Franklin Advisers”) and PIL with respect to the Fund was terminated. In connection with the Merger, the Fund’s Trustees approved a new sub-advisory agreement between Franklin Advisers and FTIML, pursuant to which FTIML became a sub-advisor of the Fund on the Effective Date.
Effective May 30, 2025, the portfolio managers for the Fund are Garrett Hamilton, Benjamin Barber, James Conn, Francisco Rivera and Daniel Workman.
Effective July 21, 2025, any front-end sales charges applicable to purchases of Fund shares and any CDSC applicable to redemptions of Fund shares will be waived.
At a meeting held on May 16, 2025, the Board of Trustees of the Fund (the “Board”) approved the conversion of the Fund into an exchange-traded fund through the reorganization of the Fund with and into a newly-organized series of Putnam ETF Trust, to be named “Franklin Municipal Income ETF” (the “ETF”).
Pursuant to an Agreement and Plan of Reorganization approved by the Board, the reorganization of the Fund will consist of (1) the transfer of substantially all of the Fund’s assets, subject to its liabilities, to the  ETF in return for shares of the ETF; and (2) the distribution of the ETF shares to the Fund’s shareholders in complete liquidation of the Fund. The reorganization for the Fund is currently expected to occur on or about October 24, 2025. On the applicable date, the shareholders of the Fund will become shareholders of the ETF, and will no longer be shareholders of the Fund.
Effective August 22, 2025, the Fund stopped accepting purchase orders from new investors for any class other than Class R6 shares. Effective September 4, 2025, the Fund stopped accepting purchase orders from new investors for Class R6 shares. Effective October 16, 2025, the Fund will not accept purchase orders for any class from any investor.
This is a summary of certain changes to the Fund since October 1, 2024. For more complete information, you may review the Fund’s current prospectus and any applicable supplements and the Fund’s next prospectus, which we expect to be available by February 1, 2026, at https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or
funddocuments@putnam.com.
Updated Prospectus Phone Number (800) 225-1581
Updated Prospectus Email Address funddocuments@putnam.com
Updated Prospectus Web Address https://www.franklintempleton.com/regulatory-fund-documents
Class Y  
Shareholder Report [Line Items]  
Fund Name Franklin Municipal Income ETF
Class Name Class Y
Trading Symbol PTEYX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about Franklin Municipal Income ETF (previously known as Putnam Tax Exempt Income Fund) for the period October 1, 2024, to September 30, 2025.
Additional Information [Text Block] You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) 225-1581.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number (800) 225-1581
Additional Information Website https://www.franklintempleton.com/regulatory-fund-documents
Expenses [Text Block]
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class Y
$68
0.68%
Expenses Paid, Amount $ 68
Expense Ratio, Percent 0.68%
Factors Affecting Performance [Text Block]
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended September 30, 2025, Class Y shares of Franklin Municipal Income ETF returned 0.47%. The Fund compares its performance to the Bloomberg Municipal Bond Index, which returned 1.39% for the same period.
PERFORMANCE HIGHLIGHTS
Top contributors to performance:
↑
Security selection in AA rated bonds
↑
Overweight allocation to BBB rated bonds
↑
Security selection in A rated bonds
Top detractors from performance:
↓
Overweight overall duration
↓
Overweight cash
↓
Underweight AAA rated bonds
Use of derivatives and the impact on performance:
The Fund utilized interest rate contracts to manage its duration and yield curve exposure, which contributed modestly to performance.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.
Line Graph [Table Text Block]
image
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended September 30, 2025
 
1 Year
5 Year
10 Year
Class Y
0.47
1.16
2.50
Bloomberg Municipal Bond Index
1.39
0.86
2.34
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Material Change Date Oct. 01, 2024
Updated Performance Information Location [Text Block]
For current month-end performance, please call Franklin Templeton at (800) 225-1581 or visit
https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Net Assets $ 517,440,570
Holdings Count | $ / shares 294
Advisory Fees Paid, Amount $ 2,326,466
Investment Company Portfolio Turnover 11.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (as of September 30, 2025)
Total Net Assets
$517,440,570
Total Number of Portfolio Holdings (excludes derivatives, except purchased options, if any)
294
Total Management Fee Paid
$2,326,466
Portfolio Turnover Rate
11%
Holdings [Text Block]
WHAT DID THE FUND INVEST IN? (as of September 30, 2025)
Portfolio Composition* (% of Total Investments)
image
 [4]
Material Fund Change [Text Block]
HOW HAS THE FUND CHANGED?
Effective November 1, 2024 (the “Effective Date”), Putnam Investments Limited (“PIL”), a sub-advisor of the Fund prior to the Effective Date, merged with and into Franklin Templeton Investment Management Limited (“FTIML”), a wholly-owned subsidiary of Franklin Resources, Inc. (the “Merger”). As of the Effective Date, PIL investment professionals became employees of FTIML, and the sub-advisory agreement between Franklin Advisers, Inc. (“Franklin Advisers”) and PIL with respect to the Fund was terminated. In connection with the Merger, the Fund’s Trustees approved a new sub-advisory agreement between Franklin Advisers and FTIML, pursuant to which FTIML became a sub-advisor of the Fund on the Effective Date.
Effective May 30, 2025, the portfolio managers for the Fund are Garrett Hamilton, Benjamin Barber, James Conn, Francisco Rivera and Daniel Workman.
Effective July 21, 2025, any front-end sales charges applicable to purchases of Fund shares and any CDSC applicable to redemptions of Fund shares will be waived.
At a meeting held on May 16, 2025, the Board of Trustees of the Fund (the “Board”) approved the conversion of the Fund into an exchange-traded fund through the reorganization of the Fund with and into a newly-organized series of Putnam ETF Trust, to be named “Franklin Municipal Income ETF” (the “ETF”).
Pursuant to an Agreement and Plan of Reorganization approved by the Board, the reorganization of the Fund will consist of (1) the transfer of substantially all of the Fund’s assets, subject to its liabilities, to the  ETF in return for shares of the ETF; and (2) the distribution of the ETF shares to the Fund’s shareholders in complete liquidation of the Fund. The reorganization for the Fund is currently expected to occur on or about October 24, 2025. On the applicable date, the shareholders of the Fund will become shareholders of the ETF, and will no longer be shareholders of the Fund.
Effective August 22, 2025, the Fund stopped accepting purchase orders from new investors for any class other than Class R6 shares. Effective September 4, 2025, the Fund stopped accepting purchase orders from new investors for Class R6 shares. Effective October 16, 2025, the Fund will not accept purchase orders for any class from any investor.
This is a summary of certain changes to the Fund since October 1, 2024. For more complete information, you may review the Fund’s current prospectus and any applicable supplements and the Fund’s next prospectus, which we expect to be available by February 1, 2026, at https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or
funddocuments@putnam.com.
Updated Prospectus Phone Number (800) 225-1581
Updated Prospectus Email Address funddocuments@putnam.com
Updated Prospectus Web Address https://www.franklintempleton.com/regulatory-fund-documents
[1]
* Does not include derivatives, except purchased options, if any.  
[2]
* Does not include derivatives, except purchased options, if any.  
[3]
* Does not include derivatives, except purchased options, if any.  
[4]
* Does not include derivatives, except purchased options, if any.